Common use of Death, Disability or Retirement Clause in Contracts

Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive’s award under any AICP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP during the relevant calendar year, and payable at the same time other participants in the AICP receive payment but in no event later than March 15th of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 6 contracts

Samples: Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc)

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Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th after the end of the calendar year following the calendar year of the Date of Termination. Executive shall not otherwise be entitled to receive any further compensation under this Agreement. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 3 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Death, Disability or Retirement. In the event Executive’s 's employment is terminated as a result of his death, Disability or Retirement, Executive’s 's rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s 's award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th of after the calendar year following the end calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 2 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Death, Disability or Retirement. In the event Executive’s 's employment is terminated as a result of his death, Disability or Retirement, Executive’s 's rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s 's award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th after the end of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive’s award under any AICP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP during the relevant calendar year, and payable at the same time other participants in the AICP receive payment but in no event later than March 15th of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive’s award under any AICP to which he would otherwise be entitled in the calendar year of his her Date of Termination shall be prorated for the period of his participation in the AICP during the relevant calendar year, and payable at the same time other participants in the AICP receive payment but in no event later than March 15th of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th after the end of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Death, Disability or Retirement. In the event Executive’s 's employment is terminated as a result of his death, Disability or Retirement, Executive’s 's rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s 's award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th following the end of the calendar year following the calendar year of the Date of Termination. Executive shall not otherwise be entitled to receive any further compensation under this Agreement. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

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Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th following the end of the calendar year following the calendar year of the Date of Termination. Executive shall not otherwise be entitled to receive any further compensation under this Agreement. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Death, Disability or Retirement. In the event Executive’s 's employment is terminated as a result of his death, Disability or Retirement, Executive’s 's rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through to the Date of Termination in accordance with the Company’s 's normal payroll practices. Any unpaid AICP STIP bonus for a calendar year preceding the calendar year of Executive’s 's Date of Termination shall be paid when the AICP STIP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP STIP bonus. Executive’s 's award under any AICP STIP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP STIP during the relevant calendar year, and payable at the same time other participants in the AICP STIP receive payment but in any event no event later than March 15th after the end of the calendar year following the calendar year of the Date of Termination. Executive shall not otherwise be entitled to receive any further compensation under this Agreement. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(f); Executive shall be paid all accrued unused vacation in accordance with the Company’s 's vacation policy, as amended from time to time, time and Executive shall be entitled to all benefits under Section 5(d5(e) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his her death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his her unpaid Base Annual Salary shall be paid through the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive’s award under any AICP to which he she would otherwise be entitled in the calendar year of his her Date of Termination shall be prorated for the period of his her participation in the AICP during the relevant calendar year, and payable at the same time other participants in the AICP receive payment but in no event later than March 15th of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

Death, Disability or Retirement. In the event Executive’s employment is terminated as a result of his death, Disability or Retirement, Executive’s rights under any Equity-Based Awards or other compensation rights or awards shall be determined in accordance with the controlling plan documents and award agreements and his unpaid Base Annual Salary shall be paid through the Date of Termination in accordance with the Company’s normal payroll practices. Any unpaid AICP bonus for a calendar year preceding the calendar year of Executive’s Date of Termination shall be paid when the AICP bonus for other participants is paid but in no event later than March 15th of the calendar year following the end of the calendar year of the applicable AICP bonus. Executive’s award under any AICP to which he would otherwise be entitled in the calendar year of his Date of Termination shall be prorated for the period of his participation in the AICP during the relevant calendar year, and payable at the same time other participants in the AICP receive payment but in no event later than March 15th of the calendar year following the calendar year of the Date of Termination. Executive shall be reimbursed for all expenses incurred and in accordance with Section 5(e5(h); Executive shall be paid all accrued unused vacation in accordance with the Company’s vacation policy, as amended from time to time, and Executive shall be entitled to all benefits under Section 5(d5(g) subject to the terms and conditions of the applicable plan documents and arrangements, as amended from time to time.

Appears in 1 contract

Samples: Employment Agreement (Helix Energy Solutions Group Inc)

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